⟩ What is Loss Elimination?
One of the fundamental roles of the Reliability Engineer is to track the production losses and abnormally high maintenance cost assets, then find ways to reduce those losses or high costs. These losses are prioritized to focus efforts on the largest/most critical opportunities. The Reliability Engineer (in full partnership with the operations team) develops a plan to eliminate or reduce the losses through root cause analysis, obtains approval of the plan and facilitates the implementation.